Equinox Gold (EQX) Gross Margin (2018 - 2026)
Equinox Gold (EQX) posted Gross Margin of 55.63% for Q2 2026, down 25.65% on a QoQ basis from 74.82% in Q1 2026, and up 224.0% year-over-year from 17.17% in Q2 2025.
Analysis
Equinox Gold (EQX) Gross Margin (2018 - 2026) Analysis & Trends
Equinox Gold has reported Gross Margin for 9 years, with the latest figure at 55.63% in Q2 2026.
- On a quarterly basis, Gross Margin rose 224.0% year-over-year to 55.63% in Q2 2026; TTM through Jun 2026 was 60.43%, a 1565.0% increase from a year earlier, with the FY2025 full-year figure at 60.77%, up 3819.0% from the prior year.
- Gross Margin was 55.63% for Q2 2026 at Equinox Gold, down from 74.82% in the prior quarter.
- The five-year high for Gross Margin was 74.82% in Q1 2026, with the low at 156.63% in Q4 2023.
- Average Gross Margin over 5 years is 29.73%, with a median of 33.43% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 19176 bps in 2023, then soared 19522 bps in 2024.
- Over 5 years, Gross Margin stood at 35.13% in 2022, then slumped by 546 bps to 156.63% in 2023, then jumped by 125 bps to 38.59% in 2024, then jumped by 68 bps to 64.88% in 2025, then declined by 14 bps to 55.63% in 2026.
- The last three Gross Margin figures came in at 55.63% (Q2 2026), 74.82% (Q1 2026), and 64.88% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 134.87 Bn | 126.03 Bn | 4.03 Bn | 65.87% |
| 2 | Barrick Mining | 74.96 Bn | 78.57 Bn | 2.90 Bn | 54.74% |
| 3 | AngloGold Ashanti | 55.10 Bn | 53.93 Bn | 1.70 Bn | 54.86% |
| 4 | Alamos Gold | 15.53 Bn | 14.85 Bn | 587.30 Mn | 98.86% |
| 5 | Iamgold | 12.11 Bn | 11.65 Bn | 415.10 Mn | 48.44% |
| 6 | Buenaventura Mining | 8.61 Bn | 7.86 Bn | - | - |
| 7 | Eldorado Gold | 8.54 Bn | 7.99 Bn | 302.67 Mn | 62.09% |
| 8 | Equinox Gold | 8.07 Bn | 8.23 Bn | 428.20 Mn | 55.63% |
| 9 | B2Gold | 7.49 Bn | 7.53 Bn | 308.29 Mn | - |
| 10 | Centerra Gold | 6.42 Bn | 5.96 Bn | 433.81 Mn | 97.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.63% |
| Mar 31, 2026 | 74.82% |
| Dec 31, 2025 | 64.88% |
| Sep 30, 2025 | 54.59% |
| Jun 30, 2025 | 53.38% |
| Mar 31, 2025 | 65.68% |
| Dec 31, 2024 | 38.59% |
| Sep 30, 2024 | 37.36% |
| Jun 30, 2024 | 24.27% |
| Mar 31, 2024 | 23.85% |
| Dec 31, 2023 | -156.63% |
| Sep 30, 2023 | 29.37% |
| Jun 30, 2023 | 29.05% |
| Mar 31, 2023 | 26.44% |
| Dec 31, 2022 | 35.13% |
| Sep 30, 2022 | 22.98% |
| Jun 30, 2022 | 24.02% |
| Mar 31, 2022 | 31.72% |
| Dec 31, 2021 | 43.47% |
| Sep 30, 2021 | 37.70% |